Fibonacci relations within the completed double ABC pattern, suggest a larger WXY is unfolding. In this case targets for the Y would be the 0.618, 1.0 or 1.236 extensions. Could be further but not beyond 1.618.
Trade active
The trade begins to gain traction. With a close below the 6 AMA (green MA) look for prices to extend rapidly towards the 7427 areaTrade closed: target reached
Trade closed. A perfect hit.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.